USDCHF is coiling in a tight 35-pip box between 0.79515 and 0.7986. The top has been tagged twice (yesterday & today) while the floor is on its 3rd test now—classic compression that often precedes a directional break. Until price accepts outside this band, expect choppy two-way flow; once it breaks, look for momentum/acceptance (e.g., a firm close outside and a hold on a retest) to confirm the move.
Key levels
Range high: 0.7986 → break/hold above = bullish; next interest at the 0.8000 round number and beyond if momentum persists.
Range low: 0.79515 → break/hold below = bearish; opens room for a deeper flush.
Intraday pivot (mid-range): ~0.79588 — 38.2% retracement
Trading plan (tactical)
Bull trigger: Strong push through 0.7986, then hold above 0.7986/0.8000 (50% midpoint) → ride follow-through; invalidate on a slip back inside the box.
Bear trigger: Clean break below 0.79515 with acceptance → lean with downside; invalidate on a quick reclaim back into the range.
Bottom line: It’s a wait-for-the-break setup—be ready, not early.
